Real estate is a huge ballpark with various key players in the game. there are the appraisers, the home inspectors, the property managers, bankers and mortgage loaners, government agencies, as well as the buyers and the sellers. They all play their own significant roles that keep the ball rolling in the business of real estate, but for the ones who are in charge of coordinating the processes in the business, they should all possess a common set of characteristics that would become the ultimate tools of their trade that would contribute to the success of the real estate business in Singapore.
For these players, the common goal is to make a successful transaction. Working in real estate may be a challenging career because the stakes are high. After all, selling properties is drastically different from retail marketing, especially when Singapore is one of the highly ranked countries with a high cost of living in Southeast Asia. Generally, those with careers in real estate are businessmen that should be experts at marketing their assets.
Property Management works include:
- Conducting surveys on local rental rates and establishing reasonable rental rates that would drive profit goals
- Updated on property vacancies and can attract tenants by advertising
- Touring of potential tenants around the units
- Collecting the tenants’ security deposits
- Partakes in the screening process of the tenants to minimise the hassle on property owners
- Maintaining properties by means of investigation and proper handling of tenant complaints
- Planning of renovations
- Enforcing occupancy rules
- Coordinating with maintenance
Real Estate Agents and Property Managers must possess:
- Critical Thinking Skills
- Good Communication Skills
- Firm Stand on Client Situations
- Organizational Skills
- Keen Attention to Details
- Integrity and Honesty
- Extensive Knowledge on Real Estate and Property Management
- Quick Responsiveness
- Proactive and Ready Mindset
- Adaptability
- High Professionalism